Payments

Regions Bank intros CashFlowIQ for cash management

Photo: Adobe Stock

June 19, 2024

Regions Bank and BILL, a financial operations platform, launched Regions CashFlowIQ, a cash management solution for commercial clients. It offers advanced accounts payable and receivable features to provide bill pay, invoicing and faster payments overall, according to a press release.

With the solution, businesses can create bill payments, send invoices, track payments, sync with accounting software and utilize multiple payment options.

"Businesses need flexible and efficient ways to manage their finances and to enable their long-term success. They rely on trusted providers to help them manage and automate payments quickly and securely," Irana Wasti, chief product officer at BILL, said in the release. "With BILL's payments engine, large network, and ongoing innovation in helping businesses modernize and automate their financial operations, we are excited to work with Regions Bank to power a new digital solution for their business clients."

"Businesses are looking for banks that provide more than financing; they want practical solutions to better manage their cash flow. That's what we're delivering," Bryan Ford, head of treasury management for Regions Bank, said in the release. "Regions CashFlowIQ helps clients digitally transform, automate, and consolidate their payment processes. This results in smoother business operations. It helps the client focus more time and resources on their own products and services while we make managing money easier, more intuitive, and more productive."